Indians Upbeat on Economy,Investments

Published: 15th January 2015 06:00 AM  |   Last Updated: 15th January 2015 06:00 AM   |  A+A-

MUMBAI: More Indians are upbeat about the economy, financial future and willingness to invest as compared with their global peers, according to a global survey of 27,500 respondents by BlackRock Global Investor in 20 markets, including 1,500 in India.

About 56 per cent Indians said the economy is getting better, compared with 22 per cent global average, and 81 per cent of Indians are more positive about their financial future compared with 56 per cent globally. The number of Indians who feel they are in control of their finances at 75 per cent, were second to China with 84 per cent.

More than half Indians feel the job market is improving, compared with 21 per cent global average. One in every two Indians is keener on investing compared with five years back. About 54 per cent Indian investors will likely increase his holding of equities compared with 34 per cent average for of the sampled markets.

About 90 per cent Indians are confident of preserving or growing their wealth. Yet, they are also concerned about factors that could erode their wealth. Risk factors include high cost of living, inflation, and the state of the domestic economy.

Among investment instruments, 70% Indians hold a life insurance product, 64% hold a fixed deposit, and 46 per cent own shares.

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